(04-14-2024 09:40 AM)boss man Wrote:  

(04-14-2024 02:40 AM)Todor Wrote:  

(04-13-2024 10:44 PM)No Bull Wrote:  

(04-13-2024 09:05 PM)Todor Wrote:  Maybe some fatso will cut back and not inhale a XL delivery pizza every night. God forbid anyone cut their cable and walk their lard butt down to the library they already pay for and read their first book since 10th grade.

Inflation would be good for a lot of people. Fat, lazy, spoilt, and pampered people need a swift kick sometimes.

Down here where I am at there are retirees living in their cars. It’s sad. They aren’t fatsos… they can’t afford to eat. You don’t give a Shiite about
them just as long as your beloved Illegals get put up in a nice hotel and transsexuals are treated equitably…. Right?

Wrong. Well, you’re right about me not giving a shiite about the car campers, but wrong as me giving any more of a shiite about the other groups you named. They are all making their choices in life and don’t need my support or pity.

They are living in their cars because that’s what idiots who blew all their money do.

If they are that age and don’t have any friends or family willing to help them out of a situation as pathetic as living in Florida, they are probably not very good people anyway. Normal people develop relationships with others over the course of their lives. Something is wrong with people who don’t have friends or family who care about them. Something is fishy. Probably alcoholics or drug addicts.

A number of other posters have commented on the opinions bolded above.

I'll simply say things can occur that are beyond one's control that can quickly put a person in a very tough financial situation.

Are there people who fall into drinking or drugs to escape the pain of their real world scenario? Without question. But MANY more are hit with real life situations that can eat up savings.

I bet if Todor thinks beyond his limited vision, several real life examples might occur to him.

Not the well-prepared person.

You are correct. I can think of lots. Boats, RV’s, private schools, more clothes than a person can wear in a lifetime, expensive cars, eating out all the time, buying a house you can’t afford, trips to Disney World, cruises, $200 a month cable plans, sterling silver corn holders, gold teeth, grillz, home remodels, nail salons, gym memberships, cell phones, time shares, dog walkers, lawn mowing services, pools, jewelry, exotic animals, expensive hobbies, casinos, lottery, riding lessons, braces, cosmetic surgery, video games, tattoos, movies, indulging children, bailing dip&hit children/family/friends out of jail, bobble heads, professional sports tickets, hair extensions, cosmetics, Pelaton, flying first class, brick pizza ovens, sky diving, anything Prada/Gucci/Coach etc, credit card interest, foolish investments, marble counter tops, too many pets, custom closets-it all adds up.

I’m just getting warmed up. I can expand on the topic if anyone would like. All you have to do is ask. I really only covered the basic poor financial choices so far, but there’s a long way to go though.

The number of luxuries that even supposedly poor Americans indulge in is both shocking and sickening. Then they wonder why they are broke and want everyone to throw them a pity party.

(04-14-2024 10:46 AM)Todor Wrote:  

(04-14-2024 09:40 AM)boss man Wrote:  

(04-14-2024 02:40 AM)Todor Wrote:  

(04-13-2024 10:44 PM)No Bull Wrote:  

(04-13-2024 09:05 PM)Todor Wrote:  Maybe some fatso will cut back and not inhale a XL delivery pizza every night. God forbid anyone cut their cable and walk their lard butt down to the library they already pay for and read their first book since 10th grade.

Inflation would be good for a lot of people. Fat, lazy, spoilt, and pampered people need a swift kick sometimes.

Down here where I am at there are retirees living in their cars. It’s sad. They aren’t fatsos… they can’t afford to eat. You don’t give a Shiite about
them just as long as your beloved Illegals get put up in a nice hotel and transsexuals are treated equitably…. Right?

Wrong. Well, you’re right about me not giving a shiite about the car campers, but wrong as me giving any more of a shiite about the other groups you named. They are all making their choices in life and don’t need my support or pity.

They are living in their cars because that’s what idiots who blew all their money do.

If they are that age and don’t have any friends or family willing to help them out of a situation as pathetic as living in Florida, they are probably not very good people anyway. Normal people develop relationships with others over the course of their lives. Something is wrong with people who don’t have friends or family who care about them. Something is fishy. Probably alcoholics or drug addicts.

A number of other posters have commented on the opinions bolded above.

I'll simply say things can occur that are beyond one's control that can quickly put a person in a very tough financial situation.

Are there people who fall into drinking or drugs to escape the pain of their real world scenario? Without question. But MANY more are hit with real life situations that can eat up savings.

I bet if Todor thinks beyond his limited vision, several real life examples might occur to him.

Not the well-prepared person.

You are correct. I can think of lots. Boats, RV’s, private schools, more clothes than a person can wear in a lifetime, expensive cars, eating out all the time, buying a house you can’t afford, trips to Disney World, cruises, $200 a month cable plans, sterling silver corn holders, home remodels, nail salons, gym memberships, cell phones, time shares, dog walkers, lawn mowing services, pools, jewelry, exotic animals, expensive hobbies, casinos, lottery, riding lessons, braces, cosmetic surgery, video games, movies, indulging children, bailing dip&hit children/family/friends out of jail, bobble heads, professional sports tickets, hair extensions, cosmetics, Pelaton, flying first class, brick pizza ovens, anything Prada/Gucci/Coach etc, credit card interest, foolish investments, marble counter tops, too many pets, custom closets-it all adds up.

I’m just getting warmed up. I can expand on the topic if anyone would like. All you have to do is ask. I really only covered the basic poor financial choices so far, but there’s a long way to go though.

The number of luxuries that even supposedly poor Americans indulge in is both shocking and sickening. Then they wonder why they are broke and want everyone to throw them a pity party.

there's also a saying, "to the victor go the spoils."

your problem is lumping greed/poor decisions into the 'deserved' category .... that's why nobody will engage such ... b/c it's fk'n stupid to pretend such is what's driving the fundamentals of today...

you're way off base on this one, brah ... that's the last freebie ya get before I 'tee off' ...

(04-14-2024 05:41 AM)stinkfist Wrote:  

(04-13-2024 11:34 AM)JRsec Wrote:  Do the words Weimar Republic mean anything to you? Anything? Hmm? They will!

all it's gonna take is one final 'Elsie from the tinder box', Ja?! ...

@timeIsNigh'

The talking heads reading their cue cards on the business channels are now starting to talk about the loss of World Reserve Currency status for the Dollar. That alone will raise the inflation level initially by 35% overnight and that's just the 24 hour jump start on a runaway inflation. Initially it will paralyze the national economy meaning no infrastructure spending, no military resupply, nada. That is the moment our enemies are waiting for to attack, whether that comes as cyber warfare, financial warfare, seized assets abroad, or nukes flying.

And why not? The other nations of the world aren't going to put up with the Woke Entitled Mindset bellyaching, nor do they want that disease to spread. The expect their citizens, especially in totalitarian countries to be productive. They will wipe our stupid useless idiots out.

(04-14-2024 11:25 AM)JRsec Wrote:  

(04-14-2024 05:41 AM)stinkfist Wrote:  

(04-13-2024 11:34 AM)JRsec Wrote:  Do the words Weimar Republic mean anything to you? Anything? Hmm? They will!

all it's gonna take is one final 'Elsie from the tinder box', Ja?! ...

@timeIsNigh'

The talking heads reading their cue cards on the business channels are now starting to talk about the loss of World Reserve Currency status for the Dollar. That alone will raise the inflation level initially by 35% overnight and that's just the 24 hour jump start on a runaway inflation. Initially it will paralyze the national economy meaning no infrastructure spending, no military resupply, nada. That is the moment our enemies are waiting for to attack, whether that comes as cyber warfare, financial warfare, seized assets abroad, or nukes flying.

And why not? The other nations of the world aren't going to put up with the Woke Entitled Mindset bellyaching, nor do they want that disease to spread. The expect their citizens, especially in totalitarian countries to be productive. They will wipe our stupid useless idiots out.

how long have we been discussing this at varying micro/macro levels ... it's been a while now, sir!

(deleted a diatribe ... had to ... it's Masters' Sunday)

(04-14-2024 11:37 AM)stinkfist Wrote:  

(04-14-2024 11:25 AM)JRsec Wrote:  

(04-14-2024 05:41 AM)stinkfist Wrote:  

(04-13-2024 11:34 AM)JRsec Wrote:  Do the words Weimar Republic mean anything to you? Anything? Hmm? They will!

all it's gonna take is one final 'Elsie from the tinder box', Ja?! ...

@timeIsNigh'

The talking heads reading their cue cards on the business channels are now starting to talk about the loss of World Reserve Currency status for the Dollar. That alone will raise the inflation level initially by 35% overnight and that's just the 24 hour jump start on a runaway inflation. Initially it will paralyze the national economy meaning no infrastructure spending, no military resupply, nada. That is the moment our enemies are waiting for to attack, whether that comes as cyber warfare, financial warfare, seized assets abroad, or nukes flying.

And why not? The other nations of the world aren't going to put up with the Woke Entitled Mindset bellyaching, nor do they want that disease to spread. The expect their citizens, especially in totalitarian countries to be productive. They will wipe our stupid useless idiots out.

how long have we been discussing this at varying micro/macro levels ... it's been a while now, sir!

(deleted a diatribe ... had to ... it's Masters' Sunday)

Putting white balls into green holes sounds like a Marxist strategy to me!

(04-14-2024 10:12 AM)Todor Wrote:  

(04-14-2024 09:13 AM)No Bull Wrote:  

(04-14-2024 06:16 AM)Todor Wrote:  

(04-14-2024 06:03 AM)stinkfist Wrote:  

(04-14-2024 05:49 AM)Todor Wrote:  I may indeed be “out of line” for saying it out loud, but it’s still all true.

I'm not going to fk with ya simply b/c such is a stupid argument...

however, you left out so many variables (I gave ya X%= true) ... you're way tooooooooooooooo fk'n high the way you ommitted so many other factors ... they write books on shite like this ... if I can get mine published, it'll put nuts zongo on a most wanted list (by the woke fagoos) ... hence, the "if I can"

You’re probably right. I do exactly what you say. But on the topic of Biden inflation (this thread), these people’s issues go far beyond the price of cheerios going up by 15%.

To connect homeless retirees living in cars and not being able to eat, to a relatively minor spike in prices isnt a real argument anyway.

Whoever brought that up was reaching.

It costs 18% more to live in Biden’s Amerika and you think everyone should be able to absorb these costs into their budget? I mean really? Btw what is your definition of minor?

When you look in the mirror, do you like what you see?

Even if inflation was 18%, that means they reached their of rope a few months earlier than they would have otherwise. Their problems are a lot deeper than inflation. Get real…

Well, I hope your wife does the retirement planning for your family, because you are headed for disaster unless you are a "trust fund baby".

1. Someone living out of their car in retirement doesnt mean they didnt save enough. There are a shortage of apartments / retirement homes in some areas because of the influx of population away from sh*thole states. Couple that with high interest rates, and a retired person is fighting for apartments against families who cant afford a mortgage, and retirees certainly cant afford to pay a very high price for a home coupled with high interest rates. Moving to another area isnt a great option in retirement, as it wasnt planned for. Retirees cant pivot easily to handle an enormous economic burden. They even dont have the option of going back to work, because government controlled social security wont allow them without enormous penalties for they and their spouses. Its one reason why I want the government out of social security. So living out of their car could be simply a short term solution so they dont over draw down on their retirement, or there arent available housing at the moment.

2. Unless you are a trust fund baby, 18% inflation is going to kick you in the gonads hard in retirement. Especially as it is compounded over multiple years like it has been. By flippantly making off-comments about it, it means you havent run the numbers.

3. Right now the average household is paying $1300 more per month than under Trump. Over 4 years, thats an additional $52,000 out of retirement that was not expected. Most retirees accounts can not generate that much additional revenue, so their 401K's/Roths start to deplete earlier than expected, over 4 years. That is going to greatly shorten the time horizon for retirees. If someone retired 20 years ago, its not as big of a deal. For someone who retired 6 years ago, its a big freaking deal. And because they have to withdraw additonal money now, they can get hit with a tax burden for each penny they have to withdraw to handle inflation. SO you cant just withdraw an additional $1300 per month. You have to withdraw an additional $1300 per month, plus the tax burden amount. THis is why it snowballs so easily for retirees.

(04-14-2024 11:25 AM)JRsec Wrote:  

(04-14-2024 05:41 AM)stinkfist Wrote:  

(04-13-2024 11:34 AM)JRsec Wrote:  Do the words Weimar Republic mean anything to you? Anything? Hmm? They will!

all it's gonna take is one final 'Elsie from the tinder box', Ja?! ...

@timeIsNigh'

The talking heads reading their cue cards on the business channels are now starting to talk about the loss of World Reserve Currency status for the Dollar. That alone will raise the inflation level initially by 35% overnight and that's just the 24 hour jump start on a runaway inflation. Initially it will paralyze the national economy meaning no infrastructure spending, no military resupply, nada. That is the moment our enemies are waiting for to attack, whether that comes as cyber warfare, financial warfare, seized assets abroad, or nukes flying.

And why not? The other nations of the world aren't going to put up with the Woke Entitled Mindset bellyaching, nor do they want that disease to spread. The expect their citizens, especially in totalitarian countries to be productive. They will wipe our stupid useless idiots out.

And when we can’t afford to run the worlds largest military that occupies a huge chunk of the world, countries aren’t going to be so chummy with us when we aren’t shelling out big bucks to them or on their behalf.

And when they are actually free to run their own foreign policy, instead of one we designed to make sure our currency stays propped us, despite us doing everything possible to stretch it beyond reason.

Without those things, we will just be another country living on what we actually produce. And it ain’t gonna be pretty.

The truth always comes out. Objects in the mirror are much smaller than they appear…

#PullBackTheCurtain #UncleSamHasNoClothes

(04-14-2024 12:09 PM)Todor Wrote:  

(04-14-2024 11:25 AM)JRsec Wrote:  

(04-14-2024 05:41 AM)stinkfist Wrote:  

(04-13-2024 11:34 AM)JRsec Wrote:  Do the words Weimar Republic mean anything to you? Anything? Hmm? They will!

all it's gonna take is one final 'Elsie from the tinder box', Ja?! ...

@timeIsNigh'

The talking heads reading their cue cards on the business channels are now starting to talk about the loss of World Reserve Currency status for the Dollar. That alone will raise the inflation level initially by 35% overnight and that's just the 24 hour jump start on a runaway inflation. Initially it will paralyze the national economy meaning no infrastructure spending, no military resupply, nada. That is the moment our enemies are waiting for to attack, whether that comes as cyber warfare, financial warfare, seized assets abroad, or nukes flying.

And why not? The other nations of the world aren't going to put up with the Woke Entitled Mindset bellyaching, nor do they want that disease to spread. The expect their citizens, especially in totalitarian countries to be productive. They will wipe our stupid useless idiots out.

And when we can’t afford to run the worlds largest military that occupies a huge chunk of the world, countries aren’t going to be so chummy with us when we aren’t shelling out big bucks to them or on their behalf.

And when they are actually free to run their own foreign policy, instead of one we designed to make sure our currency stays propped us, despite us doing everything possible to stretch it beyond reason.

Without those things, we will just be another country living on what we actually produce. And it ain’t gonna be pretty.

The truth always comes out. Objects in the mirror are much smaller than they appear…

#PullBackTheCurtain #UncleSamHasNoClothes

Likely, but even a naked Uncle Sam is quite capable of destroying everyone else's world. And remember in 1941 the U.S. was a country just living on what it produced and frankly can produce again. And that poor backwater nation bailed the Soviet Union's butt out of a crack, propped up Daddy England, kicked the smartest country in the world at that time's arse and did it while fighting the Japanese. Now before we can do that again we need to kick this Woke Crap out of our country and live in some hard times to get tough. Globalism is what spread the production to the 4 winds and across 7 seas. Bring it home, close the borders, and supply just ourselves and do it with the time that a large deadly arsenal buys us, and we can be fine. But first we will have to find the enemy within and evict or eradicate it. It won't be hard to find them either. Most of them chirp away on the internet.

(04-14-2024 12:31 PM)JRsec Wrote:  

(04-14-2024 12:09 PM)Todor Wrote:  

(04-14-2024 11:25 AM)JRsec Wrote:  

(04-14-2024 05:41 AM)stinkfist Wrote:  

(04-13-2024 11:34 AM)JRsec Wrote:  Do the words Weimar Republic mean anything to you? Anything? Hmm? They will!

all it's gonna take is one final 'Elsie from the tinder box', Ja?! ...

@timeIsNigh'

The talking heads reading their cue cards on the business channels are now starting to talk about the loss of World Reserve Currency status for the Dollar. That alone will raise the inflation level initially by 35% overnight and that's just the 24 hour jump start on a runaway inflation. Initially it will paralyze the national economy meaning no infrastructure spending, no military resupply, nada. That is the moment our enemies are waiting for to attack, whether that comes as cyber warfare, financial warfare, seized assets abroad, or nukes flying.

And why not? The other nations of the world aren't going to put up with the Woke Entitled Mindset bellyaching, nor do they want that disease to spread. The expect their citizens, especially in totalitarian countries to be productive. They will wipe our stupid useless idiots out.

And when we can’t afford to run the worlds largest military that occupies a huge chunk of the world, countries aren’t going to be so chummy with us when we aren’t shelling out big bucks to them or on their behalf.

And when they are actually free to run their own foreign policy, instead of one we designed to make sure our currency stays propped us, despite us doing everything possible to stretch it beyond reason.

Without those things, we will just be another country living on what we actually produce. And it ain’t gonna be pretty.

The truth always comes out. Objects in the mirror are much smaller than they appear…

#PullBackTheCurtain #UncleSamHasNoClothes

Likely, but even a naked Uncle Sam is quite capable of destroying everyone else's world. And remember in 1941 the U.S. was a country just living on what it produced and frankly can produce again. And that poor backwater nation bailed the Soviet Union's butt out of a crack, propped up Daddy England, kicked the smartest country in the world at that time's arse and did it while fighting the Japanese. Now before we can do that again we need to kick this Woke Crap out of our country and live in some hard times to get tough. Globalism is what spread the production to the 4 winds and across 7 seas. Bring it home, close the borders, and supply just ourselves and do it with the time that a large deadly arsenal buys us, and we can be fine. But first we will have to find the enemy within and evict or eradicate it. It won't be hard to find them either. Most of them chirp away on the internet.

While paying off $37 trillion/insolvent/not credit worthy? We better hope so…

Fortunately, we are virtually on an island and nearly impossible to attack militarily. That alone will probably continue to save us, regardless of finances. But that won’t support our currency once it is worthless.

I’m afraid, in a situation like that, Blackrock and Vanguard shareholders may not be accepting IOU’s from the US government.

(04-14-2024 12:49 PM)Todor Wrote:  

(04-14-2024 12:31 PM)JRsec Wrote:  

(04-14-2024 12:09 PM)Todor Wrote:  

(04-14-2024 11:25 AM)JRsec Wrote:  

(04-14-2024 05:41 AM)stinkfist Wrote:  all it's gonna take is one final 'Elsie from the tinder box', Ja?! ...

@timeIsNigh'

The talking heads reading their cue cards on the business channels are now starting to talk about the loss of World Reserve Currency status for the Dollar. That alone will raise the inflation level initially by 35% overnight and that's just the 24 hour jump start on a runaway inflation. Initially it will paralyze the national economy meaning no infrastructure spending, no military resupply, nada. That is the moment our enemies are waiting for to attack, whether that comes as cyber warfare, financial warfare, seized assets abroad, or nukes flying.

And why not? The other nations of the world aren't going to put up with the Woke Entitled Mindset bellyaching, nor do they want that disease to spread. The expect their citizens, especially in totalitarian countries to be productive. They will wipe our stupid useless idiots out.

And when we can’t afford to run the worlds largest military that occupies a huge chunk of the world, countries aren’t going to be so chummy with us when we aren’t shelling out big bucks to them or on their behalf.

And when they are actually free to run their own foreign policy, instead of one we designed to make sure our currency stays propped us, despite us doing everything possible to stretch it beyond reason.

Without those things, we will just be another country living on what we actually produce. And it ain’t gonna be pretty.

The truth always comes out. Objects in the mirror are much smaller than they appear…

#PullBackTheCurtain #UncleSamHasNoClothes

Likely, but even a naked Uncle Sam is quite capable of destroying everyone else's world. And remember in 1941 the U.S. was a country just living on what it produced and frankly can produce again. And that poor backwater nation bailed the Soviet Union's butt out of a crack, propped up Daddy England, kicked the smartest country in the world at that time's arse and did it while fighting the Japanese. Now before we can do that again we need to kick this Woke Crap out of our country and live in some hard times to get tough. Globalism is what spread the production to the 4 winds and across 7 seas. Bring it home, close the borders, and supply just ourselves and do it with the time that a large deadly arsenal buys us, and we can be fine. But first we will have to find the enemy within and evict or eradicate it. It won't be hard to find them either. Most of them chirp away on the internet.

While paying off $37 trillion/insolvent/not credit worthy? We better hope so…

Fortunately, we are virtually on an island and nearly impossible to attack militarily. That alone will probably continue to save us, regardless of finances. But that won’t support our currency once it is worthless.

I’m afraid, in a situation like that, Blackrock and Vanguard shareholders may not be accepting IOU’s from the US government.

Pay it? Who said anything about paying it. If they want it they'll have to come and get it, which as with the collapse of the Soviet Union, and according to the reality of Waterloo and Napoleon, won't happen. France declined because the military couldn't stave off the issue with debt and the Swiss quit lending.

The Soviet Union parsed out its underproducing states to independence, and nobody collected. The same will be true of the U.S. only here it will be the Federal Reserve which is kicked out and the U.S. Bank Note will re-emerge backed by GDP and tradeable only within our borders. It will be worth what we say it is worth. Corporations will relocate to their native soil or be nationalized. The world still needs our goods, and even if they don't we do. We still have massive areas of arable land and can easily produce our own food. Bringing pharmaceuticals back to American soil would be a welcomed development. We close our universities to foreign nationals and partner research at the university level to R&D needed to sustain life and the military. And as with the successful exits from other depressions public infrastructure is handled by public works until the nation is back up to speed.

We withhold our resources, and finally get serious about energy independence.

As we do this we begin to, with force, enforce the Monroe Doctrine and become masters of our domain and obliterate any foreign intervention in our hemisphere. We partner as closely as we can with Canada and if Mexico won't handle its cartels we will, and all the way to the Panama Canal. We forge ahead in space independently.

And Todor, the U.S. Military has since WWII held in reserve our latest proven designs while we fight with technology outdated to us. The Stealth Fighter took out that hydroelectric plant in Bosnia which was attributed to other sources because the F117 had been replaced. So, at its first use, it was outdated though the world had some catching up to do.

Where the U.S. is challenged is in reforming its own people. They are stupid and lazy, but hard times sorts that out. People who struggle to survive have no time for nonsense, and no charity for slackers. It will be a winnowing of the spirit. And that we desperately need. Stupid has to end, which means purging our universities of horseshite humanities courses which are fronts for Maoist and Marxist propaganda and which take the young people's money and give them nothing useful for life.

(04-14-2024 12:02 PM)UofMstateU Wrote:  

(04-14-2024 10:12 AM)Todor Wrote:  

(04-14-2024 09:13 AM)No Bull Wrote:  

(04-14-2024 06:16 AM)Todor Wrote:  

(04-14-2024 06:03 AM)stinkfist Wrote:  I'm not going to fk with ya simply b/c such is a stupid argument...

however, you left out so many variables (I gave ya X%= true) ... you're way tooooooooooooooo fk'n high the way you ommitted so many other factors ... they write books on shite like this ... if I can get mine published, it'll put nuts zongo on a most wanted list (by the woke fagoos) ... hence, the "if I can"

You’re probably right. I do exactly what you say. But on the topic of Biden inflation (this thread), these people’s issues go far beyond the price of cheerios going up by 15%.

To connect homeless retirees living in cars and not being able to eat, to a relatively minor spike in prices isnt a real argument anyway.

Whoever brought that up was reaching.

It costs 18% more to live in Biden’s Amerika and you think everyone should be able to absorb these costs into their budget? I mean really? Btw what is your definition of minor?

When you look in the mirror, do you like what you see?

Even if inflation was 18%, that means they reached their of rope a few months earlier than they would have otherwise. Their problems are a lot deeper than inflation. Get real…

Well, I hope your wife does the retirement planning for your family, because you are headed for disaster unless you are a "trust fund baby".

1. Someone living out of their car in retirement doesnt mean they didnt save enough. There are a shortage of apartments / retirement homes in some areas because of the influx of population away from sh*thole states. Couple that with high interest rates, and a retired person is fighting for apartments against families who cant afford a mortgage, and retirees certainly cant afford to pay a very high price for a home coupled with high interest rates. Moving to another area isnt a great option in retirement, as it wasnt planned for. Retirees cant pivot easily to handle an enormous economic burden. They even dont have the option of going back to work, because government controlled social security wont allow them without enormous penalties for they and their spouses. Its one reason why I want the government out of social security. So living out of their car could be simply a short term solution so they dont over draw down on their retirement, or there arent available housing at the moment.

2. Unless you are a trust fund baby, 18% inflation is going to kick you in the gonads hard in retirement. Especially as it is compounded over multiple years like it has been. By flippantly making off-comments about it, it means you havent run the numbers.

3. Right now the average household is paying $1300 more per month than under Trump. Over 4 years, thats an additional $52,000 out of retirement that was not expected. Most retirees accounts can not generate that much additional revenue, so their 401K's/Roths start to deplete earlier than expected, over 4 years. That is going to greatly shorten the time horizon for retirees. If someone retired 20 years ago, its not as big of a deal. For someone who retired 6 years ago, its a big freaking deal. And because they have to withdraw additonal money now, they can get hit with a tax burden for each penny they have to withdraw to handle inflation. SO you cant just withdraw an additional $1300 per month. You have to withdraw an additional $1300 per month, plus the tax burden amount. THis is why it snowballs so easily for retirees.

The average household is probably spending 3 times what they actually need to live, can’t manage money, has very unrealistic expectations out of life, and are ridiculously spoiled and entitled.

And living out of their car their car temporarily is a smart thing to do if they are trying not to draw down more than should be.

However, the scenario presented, which I responded to, was that people are living in their cars and are still unable to even buy food. That would mean they have absolutely nothing to their name. Or if they get food stamps, can’t manage the balance well enough to make it stretch a month.

Not all of these people were good financial planners, who despite living a frugal life and saving everything possible, still find themselves unable to afford a single meal.

Yeah, I generalized. And so people jumping into the pity party/blame Biden for everything school of thought. Things probably fall somewhere in the middle. My point remains true for many of those people though. It’s always nice to blame politicians, especially of the opposite party, for our situations. But that’s a cop out. If inflation hit them that hard, that quickly, they had virtually nothing saved to start with, and/or they are living in some fantasy land where they expect to continue to live just like a working person does, for decades after they stop working. Those people need to get real.

(04-14-2024 12:31 PM)JRsec Wrote:  

(04-14-2024 12:09 PM)Todor Wrote:  

(04-14-2024 11:25 AM)JRsec Wrote:  

(04-14-2024 05:41 AM)stinkfist Wrote:  

(04-13-2024 11:34 AM)JRsec Wrote:  Do the words Weimar Republic mean anything to you? Anything? Hmm? They will!

all it's gonna take is one final 'Elsie from the tinder box', Ja?! ...

@timeIsNigh'

The talking heads reading their cue cards on the business channels are now starting to talk about the loss of World Reserve Currency status for the Dollar. That alone will raise the inflation level initially by 35% overnight and that's just the 24 hour jump start on a runaway inflation. Initially it will paralyze the national economy meaning no infrastructure spending, no military resupply, nada. That is the moment our enemies are waiting for to attack, whether that comes as cyber warfare, financial warfare, seized assets abroad, or nukes flying.

And why not? The other nations of the world aren't going to put up with the Woke Entitled Mindset bellyaching, nor do they want that disease to spread. The expect their citizens, especially in totalitarian countries to be productive. They will wipe our stupid useless idiots out.

And when we can’t afford to run the worlds largest military that occupies a huge chunk of the world, countries aren’t going to be so chummy with us when we aren’t shelling out big bucks to them or on their behalf.

And when they are actually free to run their own foreign policy, instead of one we designed to make sure our currency stays propped us, despite us doing everything possible to stretch it beyond reason.

Without those things, we will just be another country living on what we actually produce. And it ain’t gonna be pretty.

The truth always comes out. Objects in the mirror are much smaller than they appear…

#PullBackTheCurtain #UncleSamHasNoClothes

Likely, but even a naked Uncle Sam is quite capable of destroying everyone else's world. And remember in 1941 the U.S. was a country just living on what it produced and frankly can produce again. And that poor backwater nation bailed the Soviet Union's butt out of a crack, propped up Daddy England, kicked the smartest country in the world at that time's arse and did it while fighting the Japanese. Now before we can do that again we need to kick this Woke Crap out of our country and live in some hard times to get tough. Globalism is what spread the production to the 4 winds and across 7 seas. Bring it home, close the borders, and supply just ourselves and do it with the time that a large deadly arsenal buys us, and we can be fine. But first we will have to find the enemy within and evict or eradicate it. It won't be hard to find them either. Most of them chirp away on the internet.

Screw it, just lob Abombs all over the place. We don't need countries that hate us and even take our money while doing so. Let's speed up this Armageddon. LOL

If I was president I'd tell EVERY COUNTRY that is getting any money from us, no mas. Sink or swim Mothers, we don't care. You can take money from China if you wish they'll bandrupt themselves eventually too. That's how we won the Cold War. If we stopped giving money away we could bring this hardship to a stop ASAP. No more grants to find out the mating habits of the green frog or whatever.. Who cares, that won't help in the least. No more free money, suckers, until we're above water and not under it.

I may not know these specific Florida Nissan Nappers, Subaru Snoozers, or Range Rover Resters, but I can see from statistics Americans can’t save money worth a hill of beans compared to rich countries around the world. The US is usually dead last.


https://www.zippia.com/advice/american-s...tatistics/

https://usafacts.org/data-projects/retirement-savings

(04-13-2024 01:33 PM)WKUYG Wrote:  Does anyone on this board know 10 hourly workers and their average wage is $11.11 an hour?

Quote:Average hourly earnings for all employees dropped 2.5% to $11.11 in March 2024

I honestly don't know anyone making $11 an hour and most of the lowest is at or close to $12. If I had to guess 75% of those that are friends with my sons or family 18 to 24 are making $14 or more an hour in a area where cost is low compared to a large city

We travel a lot and the lowest starting wage I seen offered was $9.50 at a MCD in Enterprise Alabama. I would say any city 50k yo 70k the lowest I seen was $11.50 an hour. And 100k or above $14 an hour to start in fast foods

I have zero doubt all the other numbers are at least that much. But it's hard to believe the average hourly worker in America is $11.11. Even taking in all the high school workers and those in the work force for only a year or two....

I would think the average hourly wage was closer to $24. The largest employer in the US starts you out at $14 to $19 depending on location and job.

No doubt they’re including hourly workers who make tips. Their hourly wages are quite low.

(04-14-2024 04:04 PM)Todor Wrote:  I may not know these specific Florida Nissan Nappers, Subaru Snoozers, or Range Rover Resters, but I can see from statistics Americans can’t save money worth a hill of beans compared to rich countries around the world. The US is usually dead last.


https://www.zippia.com/advice/american-s...tatistics/

https://usafacts.org/data-projects/retirement-savings

I skimmed thru muh 'zippia' dot dipshite....

Where are the libs?

(04-15-2024 12:58 PM)450bench Wrote:  Where are the libs?

Probably in their parents basement playing video games.

(04-15-2024 01:20 PM)Redbanksdog Wrote:  

(04-15-2024 12:58 PM)450bench Wrote:  Where are the libs?

Probably in their parents basement playing video games.

I'm overseas right now, checking the live updates of Trumps trial at 9pm

EDIT: but I am playing video games, you got me there

Sent from my SM-F946U using Tapatalk

(04-13-2024 01:33 PM)WKUYG Wrote:  Does anyone on this board know 10 hourly workers and their average wage is $11.11 an hour?

Quote:Average hourly earnings for all employees dropped 2.5% to $11.11 in March 2024

I honestly don't know anyone making $11 an hour and most of the lowest is at or close to $12. If I had to guess 75% of those that are friends with my sons or family 18 to 24 are making $14 or more an hour in a area where cost is low compared to a large city

We travel a lot and the lowest starting wage I seen offered was $9.50 at a MCD in Enterprise Alabama. I would say any city 50k yo 70k the lowest I seen was $11.50 an hour. And 100k or above $14 an hour to start in fast foods

I have zero doubt all the other numbers are at least that much. But it's hard to believe the average hourly worker in America is $11.11. Even taking in all the high school workers and those in the work force for only a year or two....

I would think the average hourly wage was closer to $24. The largest employer in the US starts you out at $14 to $19 depending on location and job.

We have 7 people working in our warehouse and the average wage is $10-$11 per hour. They all drive decent cars, live in decent homes, and send money home every month.

This doesn't negate the fact that the economy sucks. Just answering your question.